The stock market in Angola is expected to be launched in 2019, boosted by the privatisation programme on the stock exchange, the chairman of the country’s Capital Markets Commission (CMC) said on Tuesday in Luanda.
Mário Gavião, who was speaking at the Second Capital Markets Forum, recalled that the privatisation programme was due to be approved soon and that it will follow a specific timetable, which he said, “will be a major boost to the share market.”
“If we have, as expected, the approval of the privatisation programme, there is a timetable that will be set out and then it is a matter of execution,” he was quoted as saying by local media.
The president of the CMC pointed out the need for the country’s “macroeconomic stabilisation” as a “pull factor” for the incipient capital market of Angola, a country “with a weak culture of savings and investments.”
The second Capital Markets Forum, held in the Talatona district, south of Luanda, was promoted by Media Rumo, with the support of Angola’s Capital Markets Commission (CMC). (macauhub)